New to the Forums, Hello All

New to the Forums, Hello All

Cincinnati · Member since 2018 · 7 posts · 0 votes

Hopefully this is going into New Member Introductions.  I will try to make it humanely brief but hits have been put out on my typing teacher...

I am in Cincinnati.  I was a 3rd generation journeyman carpenter (hated heavy construction) who became a software developer in 1984.  In 1988 I quit my job, started a consulting company, hired people, etc., etc.  It was a great ride but now it's becoming a commodity and I'm out.  Along the way I had a two family that I hired one of my old bosses to rehab but I was a terrible landlord.  I can honestly say I know a lot of things NOT to do.  I used to do hard money lending but I'm not actively seeking these opportunities, at least for now.  I've been taking a course in wholesaling and I think I can use that to generate some cash.  Time will tell.  I have one terrible vice that eats cash like crazy and I will never retire while I'm healthy.

I have a rental.  I fell into it and I'm a prime example of how a fool can get lucky.  Half of it was given to me and the other half was exchanged for a debt that I did not think was collectible.  It needs some things and I'm actually enjoying some of the DIY parts, though long term I intend to get reconnected to the trades and hire all work out.  And I am not going to be as foolish this time.  I am going to learn landlording and I'm going to be as tough as I need to be with tenants.  But I have more questions every day.  I want to see if others have already been down some of the paths I'm considering.  So I'm here.  You can reasonably expect to read all the excruciating minutiae here in the coming weeks if you're interested.  

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  • Investor · Frederick, MD · Member since 2016 · 352 posts · 194 votes
    8y

    Welcome Tom! It sounds like you've already dealt with a good bit of real estate before. Hopefully you find the resources you need on the website here!

  • Cincinnati · Member since 2018 · 7 posts · 0 votes
    8y

    Thanks.  I've done a few deals but I'm basically at the 'drinking from a firehose' stage this week.  But one by one the problems are being solved.  It's good just to be busy again...

    I'm very fortunate that I live in an area where the local investor's group is very active.  I think that between the connections I'm making here in town and whatever I learn from the forums I will get most of the resources I need.  The rest I will just blunder my way through and pay the fines! 

  • Real Estate Agent · Falls Church · Member since 2012 · 2k+ posts · 1k+ votes
    7y

    Hello! @Tom McQuinn

    Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

    I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

    First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

    https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

    The second is a post that will help get you focused with your real estate investing goals:

    https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

    The last one is a post that will help you choose an “investor friendly” real estate agent.

    There are many agents out there, but it’s important to choose the right one.

    https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

    I love answering questions if you have any! Good Luck :)

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